BIO: Rich Simmonds, Co-consultant
Mr. Simmonds is managing partner of the Seattle-based family business consulting firm, Simmonds Associates LLC. He has worked with privately held and family owned businesses for 25 years, providing facilitation and consulting services. Mr. Simmonds also assists family businesses with the development of their advisory, fiduciary and family boards. He is a board member of a number of northwest family owned businesses. He led the 2007 Laird Norton Tyee Family-to-Family Survey of 643 family business CEOs, as well as the 2008, 2012, 2013 and 2014 Northwest Family Business Surveys.
In 2010 Mr. Simmonds co-founded the Pacific Family Business Institute. The Institute commissions northwest family business research to inform and assist families in their pursuit to become multi-generational family owned businesses. The Institute also sponsors the Family Business Legacy Series of gatherings, where a northwest family is profiled and talks to family business audiences about their process for leadership and ownership transitions, as well as developing next generation family members.
Mr. Simmonds co-founded Tyee Asset Strategies in 1995, serving as Chairman until it merged with Laird Norton Trust Company in 2003. Tyee provided wealth management services to approximately 350 high net worth families. Services included guiding current and future generation family members in Legacy Planning, Financial Planning, Asset Allocation, and Investment Strategy. Laird Norton Tyee, is majority-owned by the seventh-generation Laird, Norton and Clapp families, and offers wealth management services to family business owners and their families and to individual investors. Mr. Simmonds sold his interest in Laird Norton Tyee to the Laird Norton Company and Laird Norton family members in 2008; assets under management were $4.5 billion dollars. Before co-founding Tyee, Mr. Simmonds was President of Sheppard, Simmonds and VanHousen, a wealth management company acquired by U.S. Bancorp in 1988.
He currently serves on the boards of the Family Enterprise Research Council, Gonzaga Family Business steering committee, Oregon State University Austin Family Business Center, and the Institute for Innovation and Entrepreneurship at Central Washington University. He has served on the boards of Charles Schwab Institutional, Junior Achievement and the Foundation for Early Learning. He earned marketing and finance degrees from Central Washington University.